AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXI, Issue 21982, 13 December 1934, Page 9

AUSTRALIAN EXCHANGES

' INDUSTRIAL ISSUES WEAKER REACTION AT SYDNEY (Received December 12, 8.20 p.m.) SYDNEY. Dec. 12 A reaction after the recent advances overtook most of the prominent industrial issues on the Sydney Stork Exchange to-day. There was a general downward trend in the miscellaneous list, duo to profit-taking before the exchange closes for the Christmas vacation. Pastoral shares strengthened in sympathy with the wool market. This morning's sales included: —Commonwealth -1 per cent bonds, 1938, £lO5 ],->s; 1011, £lO6 2s Gd; 19.', 0, till; 1057, £llO ;is Od. Hank of New South Wales, £.'l2 2s 6d; Australian Gins, A shares, £S Is; Toohey's Brewery. 29s '6d; Tooth's Brewery, 51s 3d; Anthony Hordern, 19s 6d; ditto, pref., 25s 6d; Broken Hill Proprietary, 52s 9d; South Broken Hill, 80s 9d; Colonial Sugar, £i;3; Dunlop-Perdriau, 20s. Later sales included:—Bank of New South Wales, £32 2s 6d; Commereial Bank of Sydney, £l7 15s; Mercantile Mutual Insurance, 24s 6d; Australian Provincial Assurance, lis Id; Associated News, 25s 6d; ditto, prof., 255; Adelaide Steam, 20s 7.Jcl; Australian Gas, A shares, 59s Gd; Dunlop-Perdriau, 20s; ditto, pref., iiSs 3d; Goldsbrough-Mort, .'10s; Winchcombe Carson, 295; ditto, New Zealand delivery, 20s; Henry Jones, 35s 8d; Electrolytic Zinc, 23s 6d; David Jones, 425; Anthony Hordern, 10s; Goodyear, pref., 32s 6d; Hume Pipe, lis 6d; 'booth's Brewery, 51s 3d; South Broken Hill, 80s 9d; Bulolo Gold, ! £8 12s; Placer Development, £22 12s; | Kuala Kampar, 14s ud; Rawang Tin, I 8s; ditto. New Zealand delivery, 8s; j Great Boulder, lis 9d; ditto, New Zeaj land delivery, lis 9d. Melbourne sales included:—Commercial Bank of Australia, 16s; British Tobacco, 41s Cd; Howard Smith, 16s; North Broken Hill, £5 Is; Mount Lyell, 17s 9d. FOREIGN EXCHANGES SLIGHT FLUCTUATIONS' British Wireless RUGBY, Dpc. 11 The following rates on foreign exchanges are current, compared with the i cabled quotations on December 8 and • par: —- „ j * Dec. 11 Dec. 8 Par Montreal, dol. . . 4.35V2 4.54'« 4.806 New York, dol. . 4.9 a 4.94% 4.806 I Paris, fr, . . 75Vj* 7.") 124.21 I Brussels, belga . 21.21 Va 21.18 35.00 I Geneva, fr. . . 15.29% 15.27 25.22 : Amsterdam, fl. . 7.32 l /ii 7..'11 Vt 12.10 i Milan, lire . . 58 58 92.46 I Berlin, r.m. . . 12.34 12.32 20.43 Stockholm, kr. . 19.39% 19.39' i 18.159 Copenhagen, kr. . 22.39/2 22.39 Vi 18.159 Oslo, kr. .. 19.90/3 19.90'j, 18.159 Vienna, sch. . . 27 27 34.585 Prague, kr. . . IIP 1 2 llS'i 164.25 Heisinefors, mark 226"! i 220 3 /« 12H.23 Madrid, pes. . . 3tVi 36% 25.221 • Lisbon, escu. .. )10'b 110 V& 110 Athens, dr. .. 517* 517* • 375.00 Bucharest, lei. . . 492% 492% 813.6 RiodeJaneiro.mil. 4'/id* 4%d* 5.599 d Buenos Aires, dol. 36% d* 36% d* 47.619 d Montevideo, dol. 39' id* 39% d* 51 d Bombay, rupee . 18% rd* ISVlscl* 18d Shanghai, dol. . lG'id lfiM.d Hongkong, dol. . 20% d 20% d Yokohama, yen . 16", p d lOViod 24.55 d Batavia, fl. . . 7.29% 7.28% 12.10 "■Sellers. NEW ZEALAND MONEY ABROAD Current dollar exchanges, as quoted by the New Zealand banks, are as , under: Selling United States . . 5.07 4.P7 Canada . . . . 4.96 4.76 Following are the latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They are subject to alteration without notice: — T.T. On Demand To £1 N.Z. Currency Selling Buying Selling France, fr. .. 59.68 61.28 59.73 Noumea, fr. . . 58.93 62.33 58.98 Papeete, fr. . . 58.93 62.33 SS.OS Belgium, belgn . . 16.712 17.512 16.727 Germany, r.m. .. 9.706 Italy, lire . . . . 45.98 Switzerland, fr. . . 12.118 12.593 12.128 Holland, fl. . . 5.770 6.070 5.774 Java, fl. . . . . 5.746 6.021 5.750 N.Z. pence to Japan, yen .. 17"/,« Shanghai, dol. .. 21" / 32 20V,„ 21 /u India, rup'ce .. 22% 22% 3 22, 19 Ceylon, rupee .. 22% 22%, 22V„ Hongkong, dol. . . 20% a 25'/ l8 ' 3t Singapore, dol. . . 35% 34% e 35% 0 The cost in New Zealand currency of the pound sterling, and of the principal foreign units, on the latest quotations, is as follows: Present Price Par Australia, pound .. 10 10.81 20 0.00 London, pound . . 2? 10.50 2D O.O'I New York, dollar .. 5 1.28 4 1.31 Montreal, dollar .. 5 2.70 4 1.31 Paris, franc .. .. 0 3.98 0 1.98 Berlin, reichmnrk .. 2 0.19 0 11.74 Copenhagen, krone . . 1 1.33 1 1.22 Yokohama, yen . . I 5.45 2 0.08 CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessel in New Zealand, finally declared rates being marked*: — Melbourne Maru. Japan, yen . . 14d Canadian Highlander, Canada, dol. 4.87 City of Glasgow, America, dol. . . 4.99 Golden State. America, dol. .. 4.96% Sydney Maru, Japan, yen . . . . 14%sd Niagara, Canada, dol. . . .. 4.84% Canadian Britisher. Canada, dol. .. 4.84% TRADE AGREEMENTS ONLY OUTLETS FOR PRODUCE On his return last week from a visit to Great Britain, Mr. J. H. Patterson, president of the Graziers' Association of Southern Riverina, Victoria, said that international trade agreements appeared to be the only measures by which Australia could gain outlets for its primary produce. "There is trouble ahead," said Mr. Patterson. "The primary producer in Britain is in exactly the same position as Australian producers, but he had not the same recuperative powers. Bonuses for beef production in Britain will place the beef industry in the same position as oilier industries which have been subsidised." * WHEAT IN AMERICA CHICAGO. Dec. 11 Wheat.—December. 1 dollar 8 cents a bushel; May, 1 dollar 2 cents; July, 95J cents. The New York quotation for ensh is 1 dollar 11 cents. CALL AND DIVIDEND LIST Dividends— uo Traders' Finance— pref., finab 5 3-5 p.c. p.a 'I »-morrow Broken Hill South—ls Od a share Dec. 15 Blackwnter Mines—int., Is a share Dec. 15 Consolidated Gold—final, Od a sliaro ■ • • • J^ pc - ''s Golden Sands—lop.c . . Dec. 15 Dcvonport Ferry—int., 2j p.c... Dec. 17 Gear Meat—final. Od a share . . Doc. 17 GoldsbroughMort—int.. 2 p.c... Dec. 19: Worksop Extended—lo p.c. . . Dec. 19 1 Golconda Holdings—fin., 5 p.c.. Doc. 20 [ Komata Reefs—int.. 3d a share Dec. 28 | Morris Hedstrom—int., ord., 2 p.c. Dec. 31 British Tobacco—ord., quarterly, H P.c. Dpc. 31 Kauri Timber 3 p.c. pa. .. Dec. Nat. Bank N.Z.—int., 2 p.c. . . Jan. ft Bulolo—int.. 00 cents .. . . Jan. 10 Placer Development—int., 1 dollnr 20 cents ■ l »n. 10 Ml. Morgan- 6d a share .. .. Jan. 10 CallUpper Shoiover—Ocl a share. j niakincr 10c! paid . • • • Dec. 15